Home equity could be ‘viable solution to ease debt pressures,’ experts say as mortgage balances nationwide grew in the third quarter according to TransUnion.
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Purchase Applications Wane as Housing Affordability Reaches 39-Year Low
According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.
Read More »Q3 Home Equity Gains Slow
Between the second and third quarters of 2022, home prices still went up but at half the pace they had earlier this year.
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